The SEC Seeks to Level the Playing Field for Investor

The Wall Street Journal, Saturday/Sunday, December 27-28

SEC to Close Gap in Filings’ Release

Lawmakers Expressed Concern After Studies Showed Rapid-Fire Traders were Given an Edge on Data

“WASHINGTON–The Securities and Exchange Commission, seeking to level the playing field for all investors, plans to fix a flaw in how it electronically distributes corporate regulatory filings that has allowed rapid-fire traders to get a first look at potentially market-moving news.”

According to this news article, traders can “exploit” the time differential in lag times between direct feeds and those on the agency’s website, not a level playing field.

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